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lfr19

Using assets to meet income requirement

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Hey guys,

Have people used assets to bridge a gap between the 125% poverty guideline income requirement for your household size and your current income.

My spouse and sponsor is only over a $1,000 short of the income requirement. We have plenty of money in the bank in savings and liquid assets that can be made available right away. I understand the rule is that the sponsor if it's your spouse needs to show 3 times the amount that is missing to get to the income requirement.

What is the best way to submit such evidence, especially if you don't have 12 months of history to show with that bank because the money just got recently deposited there.

Thanks much for your help.

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If you cannot meet the minimum income requirements using your earned income, you have various options:

  • You may add the cash value of your assets. This includes money in savings accounts, stocks, bonds, and property. To determine the amount of assets required to qualify, subtract your household income from the minimum income requirement (125% of the poverty level for your family size). You must prove the cash value of your assets is worth five times this difference (the amount left over).

Source: http://www.uscis.gov/green-card/green-card-processes-and-procedures/affidavit-support

Edited by genddob

5/2/14 - Marriage to USC (Australian citizen on E-3 visa)

6/20/14 (Day 0): AOS package received at Chicago Lockbox
6/24/14 (Day 4): Text notification of receipt (I-130, I-131 and I-765 "Initial Review", I-485 "Accepted")
6/30/14 (Day 10): Received NOAs and biometrics notice for 7/24
7/7/14 (Day 17): Walk-in biometrics at Pittsburgh ASC
7/30/14 (Day 40): Email update: I-485 has moved to "Testing and Interview" stage

8/20/13 (Day 61): Text notification: I-131 and I-765 approved, "Card Production" status

8/28/14 (Day 69): Text notification: EAD/AP card mailed

8/29/14 (Day 70): EAD/AP card received

9/10/14 (Day 82): Text msg of case update - interview date notice mailed

10/16/14 (Day 118): Interview - approved. Text update of "card production" status
10/20/14 (Day 122): Received welcome letter

10/23/14 (Day 125): Received green card

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